SigmaTron International (NASDAQ:SGMA) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of SigmaTron International (NASDAQ:SGMA) in a research note released on Saturday morning. The firm issued a hold rating on the technology company’s stock.

SigmaTron International Trading Up 13.3 %

Shares of SGMA opened at $1.36 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The stock’s 50-day moving average price is $1.47 and its 200 day moving average price is $2.16. The firm has a market capitalization of $8.32 million, a price-to-earnings ratio of -0.54 and a beta of 0.92. SigmaTron International has a 12-month low of $0.99 and a 12-month high of $6.47.

SigmaTron International (NASDAQ:SGMA) last released its quarterly earnings data on Friday, March 14th. The technology company reported $0.63 earnings per share for the quarter. The company had revenue of $71.07 million for the quarter. SigmaTron International had a negative return on equity of 24.68% and a negative net margin of 4.62%. During the same period in the previous year, the firm posted $0.10 earnings per share.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SGMA. TCW Group Inc. acquired a new position in shares of SigmaTron International in the 4th quarter worth approximately $154,000. Renaissance Technologies LLC raised its position in SigmaTron International by 34.1% in the 4th quarter. Renaissance Technologies LLC now owns 199,945 shares of the technology company’s stock worth $356,000 after purchasing an additional 50,858 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in SigmaTron International in the 4th quarter worth approximately $36,000. 23.85% of the stock is owned by institutional investors and hedge funds.

SigmaTron International Company Profile

SigmaTron International, Inc operates as an independent provider of electronic manufacturing services (EMS). Its EMS services include printed circuit board assemblies, electro-mechanical subassemblies, and completely assembled (box-build) electronic products. The company also offers automatic and manual assembly and testing of products; material sourcing and procurement services; manufacturing and test engineering support services; design services; warehousing and distribution services; compliance reporting, and assistance in obtaining product approval from governmental and other regulatory bodies.